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Carriage Services Inc . (NYSE:CSV) stock soared to a 52-week high, reaching $44.39, marking a significant milestone for the company’s shares. According to InvestingPro data, the stock is currently trading at Fair Value, with analysts setting price targets between $50 and $55. This peak reflects a robust performance over the past year, with the stock delivering an impressive 67.01% total return. The company, with a market capitalization of $695 million, maintains a moderate P/E ratio of 14.4 and has consistently paid dividends for 15 consecutive years. Investors have shown growing confidence in Carriage Services, a provider of funeral and cemetery services and merchandise, as the company has successfully navigated market challenges and capitalized on strategic growth opportunities. The 52-week high serves as a testament to the company’s resilience and the positive sentiment among shareholders about its future prospects. Get access to 7 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report.
In other recent news, Carriage Services reported its first-quarter 2025 earnings, exceeding analysts’ expectations for earnings per share (EPS) with a reported $0.96 against a forecast of $0.85, marking a 12.9% beat. However, the company’s revenue of $107.1 million fell short of the anticipated $110.61 million. Despite the earnings beat, the company’s adjusted consolidated EBITDA decreased by 1.9%. Carriage Services maintained its full-year guidance, projecting revenue between $400 million and $410 million and an adjusted diluted EPS of $3.1 to $3.3. The company also plans to focus on strategic divestitures and potential acquisitions, with mergers and acquisitions activities anticipated in the third and fourth quarters. CEO Carlos Castata emphasized the company’s commitment to operational excellence and innovation. The firm also highlighted ongoing strategic initiatives, such as the implementation of its Trinity system and supply chain optimizations. These developments come amid broader economic uncertainties that may impact the company’s strategic initiatives.
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